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1. The user of a leased asset is referred to as the: a. vendor b. purchaser c. lessor d. lessee *2. The minimum lease payment
1. The user of a leased asset is referred to as the: a. vendor b. purchaser c. lessor d. lessee *2. The minimum lease payment is defined as including all of the following components except: a. bargain purchase option b. variable rentals contingent upon sales, turnover or usage c. a guaranteed residual value d. the lease payments occurring over the lease term
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